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Know The Facts

Digital ID’s are touted as a beacon of modern convenience and our saviour against online fraud. But is that reality? Or are they perhaps a platform for something else entirely? Time to look behind the marketing speak and decide for yourself.

Who is pushing for Digital IDs & who will be providing technology?

Proponents

The organisations pushing for the Digital ID system

International Organisations:

  • World Economic Forum (WEF): The WEF has been a strong advocate for digital identities as part of its broader agenda to shape global digital transformation.
  • United Nations (UN): The UN, through initiatives like the Sustainable Development Goals (SDGs), promotes digital IDs as a means to enhance financial inclusion and global development.

Government Entities:

  • Central Banks: Central banks, particularly those exploring Central Bank Digital Currencies (CBDCs), often advocate for digital IDs to streamline financial systems and enhance security.
  • National Governments: Countries like India (with Aadhaar) and Estonia (with their e-residency program) are notable examples of governments pushing digital ID systems to modernize public administration and services.

Technology Companies:

  • Microsoft: Has been involved in developing digital ID solutions and has partnered with the ID2020 Alliance to promote digital identities as a way to provide secure and verifiable forms of identification.
  • IBM: Offers blockchain-based identity solutions aimed at enhancing security and privacy for digital identities.

Financial Institutions:

  • Banks and Financial Services: Institutions like JP Morgan and Mastercard are investing in digital ID technologies to streamline KYC (Know Your Customer) processes and reduce fraud in financial transactions .

Stakeholders

The organisations invested in the infrastructure of Digital IDs

Technology Companies:

  • Microsoft: Through initiatives like the Decentralized Identity Foundation, Microsoft is working on creating secure digital identity systems that leverage blockchain technology.
  • IBM: IBM’s blockchain-based solutions are being developed to provide secure, decentralised digital identities.

Global Identity Organisations:

  • ID2020 Alliance: A coalition of private and public partners, including Microsoft, Gavi, and the Rockefeller Foundation, working to create a global digital identity system.
  • World Bank: Through initiatives like the Identification for Development (ID4D) program, the World Bank supports the development and implementation of digital ID systems in developing countries.

Governments and Public Sector:

  • Indian Government (Aadhaar): One of the largest digital ID systems globally, Aadhaar provides a unique identification number to residents of India.
  • Estonian Government (e-Residency): Estonia offers a digital identity for its e-residents, allowing them to access various services online.

Financial Service Providers:

  • Mastercard: Developing digital ID solutions that integrate with payment systems to enhance security and streamline transactions.
  • Visa: Also investing in digital ID technologies to provide secure, efficient payment solutions.

What are benefits & What are the risks?

Benefits (Claimed)

The benefits espoused by proponents of Digital IDs

International Organisations:

  • World Economic Forum (WEF): The WEF has been a strong advocate for digital identities as part of its broader agenda to shape global digital transformation.
  • United Nations (UN): The UN, through initiatives like the Sustainable Development Goals (SDGs), promotes digital IDs as a means to enhance financial inclusion and global development.

Government Entities:

  • Central Banks: Central banks, particularly those exploring Central Bank Digital Currencies (CBDCs), often advocate for digital IDs to streamline financial systems and enhance security.
  • National Governments: Countries like India (with Aadhaar) and Estonia (with their e-residency program) are notable examples of governments pushing digital ID systems to modernize public administration and services.

Technology Companies:

  • Microsoft: Has been involved in developing digital ID solutions and has partnered with the ID2020 Alliance to promote digital identities as a way to provide secure and verifiable forms of identification.
  • IBM: Offers blockchain-based identity solutions aimed at enhancing security and privacy for digital identities.

Financial Institutions:

  • Banks and Financial Services: Institutions like JP Morgan and Mastercard are investing in digital ID technologies to streamline KYC (Know Your Customer) processes and reduce fraud in financial transactions .

Risks & Threats

The likely dangers Digital IDs pose to people and society

Technology Companies:

  • Microsoft: Through initiatives like the Decentralized Identity Foundation, Microsoft is working on creating secure digital identity systems that leverage blockchain technology.
  • IBM: IBM’s blockchain-based solutions are being developed to provide secure, decentralised digital identities.

Global Identity Organisations:

  • ID2020 Alliance: A coalition of private and public partners, including Microsoft, Gavi, and the Rockefeller Foundation, working to create a global digital identity system.
  • World Bank: Through initiatives like the Identification for Development (ID4D) program, the World Bank supports the development and implementation of digital ID systems in developing countries.

Governments and Public Sector:

  • Indian Government (Aadhaar): One of the largest digital ID systems globally, Aadhaar provides a unique identification number to residents of India.
  • Estonian Government (e-Residency): Estonia offers a digital identity for its e-residents, allowing them to access various services online.

Financial Service Providers:

  • Mastercard: Developing digital ID solutions that integrate with payment systems to enhance security and streamline transactions.
  • Visa: Also investing in digital ID technologies to provide secure, efficient payment solutions.

Know The Timeline

Where are we now & how did we get to this point?

1 July 2024 Digital Identity Services Trust Framework Act 2023 comes into effect

The Digital Identity Services Trust Framework Act 2023 is the legislation that will be used to enable all Digital Identity related measures.

This legislation is expected to be expanded incessantly to enable new Digital IDs powers and concessions in the same way Covid-19 Public Health Response Act 2020 was rapidly expanded to enable more and more mandates.

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12 May 2024 Something happened
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1 December 2023 Something else happened
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